La Caisse invests $50M to become minority shareholder in Pomerleau

MONTREAL — With an investment of $50 million, la Caisse de depot et placement du Quebec is becoming a minority shareholder in Pomerleau.

The investment will allow the construction company to execute its strategic growth plan over the coming years, explains a release.

Pomerleau has nine offices across Canada, and the funding from la Caisse will help it execute its expansion strategy, which targets new growth opportunities, the company states, adding it will also allow Pomerleau to innovate, continue to be equipped with better tools and take advantage of new technologies that draw on Building Information Modeling, virtual reality, robotics and artificial intelligence.

“This marks an important step in deploying our strategic plan,” stated Pierre Pomerleau, president and CEO of Pomerleau, in a statement.

“In addition to helping us stay at the forefront, la Caisse’s involvement will allow us to target new growth opportunities to enhance our position among the leaders in the Canadian construction industry, from coast to coast.”

“The participation taken by la Caisse is aligned with our strategy of supporting the expansion of Quebec companies into new markets,” stated Christian Dube, executive vice-president, Quebec at la Caisse.

“In addition to supporting the company’s efforts in innovation, Pomerleau will benefit from our expertise in strategic growth as it embarks on this expansion.”